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Street View
$793,000
Monthly Est:$3,947
3 Beds
- 2 Baths
2 full baths
1,776sqft
401 Massalina Dr, Panama City, FL 32401
$793,000
$3,947/moEst:
Get Pre-Approved
Single Family Residence
Built in 2025
$-- HOA
0.13 acre lot
$447/sq.ft
Description
Waterfront masterpiece with deep water access to the Bay and the Gulf of Mexico.
This property is the most versatile home in Panama City with virtually unlimited uses.
Perfect for a primary residence or second home. Also, the potential for massive short term rental opportunity exists. Sold fully furnished with all new furnishings.
401 Massalina Drive is under a lease for 5 months with potential for 2 month extension. $3600 per month and includes utilities and pool service.
Built in 2025, this 3-bedroom 2-bathroom with den/office offers gorgeous views from covered porches on both floors. First floor has open kitchen with Forno Italian stainless appliances, large Island, gas stove, double door refrigerator with ice maker and wine cooler. The living / dining walks out large sliding doors to covered porch, outdoor Thor stainless summer kitchen and pool/bayou views. Master bedroom and master bath with large custom shower, double vanity sink and walk in closet. Second floor open family room, den/office, large sliding doors to walk to walk out to covered porch overlooking pool/bayou. Two additional bedrooms and one bath. So much to offer with beautifully designed tile flooring throughout, tankless water heater and extra storage. New custom landscaping and pool to relax and enjoy. Beautiful decking, shared dock with fish cleaning station. Location is easy to access to newly renovated downtown entertainment with shopping, dining, concerts and ongoing festivities.
- Houzeo last checked: 2 minutes ago
- Listing updated: October 14, 2026 at 8:59 am
- Listing Provided by: Mike Herring DRE #3256219 | Keller Williams Realty Emerald (850) 654-2900
- Source: Bay/Panama City/Central Panhandle MLS-FL | MLS#: 792157

Property Details
Status
Active
Type
Single Family Residence
No. of Stories
-
County
City
Neighborhood
Year Built
2025
HOA Fees
-
Finished Area
1,776 sqft
Lot Size
0.13 acre lot
Basement Area
- sqft
MLS Name
Bay/Panama City/Central Panhandle MLS
MLS Number
792157
MLS Status
Active
Days on Market
119
Cumulative Days on Market
103

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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 2
FullBath
Level: First
Area: 64.00 Square Feet
Dimensions: 8 x 8
Den
Level: Second
Area: 70.00 Square Feet
Dimensions: 7 x 10
FamilyRoom
Level: Second
Area: 273.00 Square Feet
Dimensions: 21 x 13
LivingRoom
Level: First
Area: 88.00 Square Feet
Dimensions: 8 x 11
Bedroom
Level: Second
Area: 130.00 Square Feet
Dimensions: 13 x 10
Bedroom
Level: Second
Area: 130.00 Square Feet
Dimensions: 13 x 10
PrimaryBedroom
Level: First
Area: 144.00 Square Feet
Dimensions: 12 x 12
Interior
Sewer
Public Sewer
Appliances
Gas Range, Tankless Water Heater
Interior Features
Double Vanity, Interior Steps, Main Level Primary, Walk In Closets
Cooling
Central Air, Ceiling Fans
Heating
Electric
Construction
Year Built
Year Built: 2025
Home type
Single Family Residence
Construction Materials
Hardiplank Type
Roof
Metal
Architectural Style
Craftsman
Utilities & Energy
Pool Features
Electric Heat, In Ground, Private
Utilities
Natural Gas Available
Other Features
Subdivision Name
Cove
Patio And Porch Features
Covered, Porch
Community Features
Short Term Rental Allowed
Lot Features
Sprinkler System, Paved
Price History
| Date | Event | Price |
|---|---|---|
07/02/2026 Source: | Price Increased | $835,000 +5.30% $470/sqft |
07/02/2026 Source: | Price Decreased | $793,000 -10.60% $447/sqft |
06/03/2025 Source: | Off Market | $887,000 $499/sqft |
06/03/2025 Source: | Listed for Sale | $887,000 $499/sqft |
Cove Ranks #1 in Panama City, FL
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Based on information from Central Panhandle Association of REALTORS® MLS through Oct 30, 2026, 06:15AM. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2026 Bay Central Panhandle Association of REALTORS®
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